Student accommodation provider Pure Student Living has secured funding for a £15 million project on Ewer Street in Southwark.
The company is a joint venture between global alternative asset manager the Carlyle Group and Generation Estates.
Investec has provided a development facility for the Pure Bankside development, which will be located close to institutions including King’s College London and the London School of Economics.
It will provide 150 rooms and will be complete for the 2013 academic year.
Sourced from www.property-magazine.eu
Southwark Council has bought Courage Yard on Shad Thames, near Tower Bridge, which it will redevelop to generate income for frontline services.